Issuer officials who said Treasury's final issue price rules are a vast improvement over earlier proposals nevertheless raised concern that they might discourage competitive sales of bonds or create problems for issuers if underwriters run afoul of the rules.

Spereads, Benign to Positive, Nothing Big 'Til Feb, They Said

Despite the year's end falling upon the market, issuance did happen last week in the asset-backed securities market, and though a fair number of asset-classes were represented, it was by no means a flood. At press time, volume neared $1.5 billion, however most of that belonged to a $790...

To continue reading, log in, register or subscribe below.Calendars are available to registered users of The Bond Buyer web site.Please log in below with the credentials you established at the time of your subscription or when you set up a free trial. If you have never set up an account with The Bond Buyer, please click the "Free trial" link below to set up your account.